Fairmount Door Corp. joins On Track Partners following acquisition
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Indiana-based Fairmount Door Corp. has been acquired by Florida-based On Track Partners, a group of garage door installation, service and repair brands, On Track announced this week.
Together, the companies will provide commercial and residential garage door installation, service, and repair to customers in Indiana. Financial details of the partnership were not disclosed.
Fairmount Door operates two locations in Marion and Lafayette.
“We are thrilled to welcome Fairmount Door Corporation into the On Track Partners family. Fairmount Door has a long-standing history of providing exceptional service and high-quality products to their customers,” On Track Partners President Brad Goodwin said in a news release. “Their commitment to excellence aligns perfectly with our values, and we are excited about the growth opportunities this partnership will bring.”
Founded in 1975, Fairmount Door Corp. has cultivated a loyal customer base and a reputation for reliability and excellence, On Track said in the release. The company is expected to retain its corporate identity as there are no current plans for a rebrand, a spokesperson told Inside INdiana Business.
The company employs over 30 staff across its two locations, and the spokesperson said On Track is not expected to make any job cuts as a result of the acquisition.
“We are excited to join forces with On Track Partners,” Fairmount Door President Matt Hussong said. “We are confident that this collaboration will enable us to enhance our service offerings, reach more customers, and continue to uphold the high standards at Fairmount Door.”
On Track Partners was born out of an initial investment from NorthCurrent Partners, a New York-based private equity firm, in early 2022.